Addison Co. had the following accounts and corresponding balances per their 2017 and 2016 year- end balance sheets: Account Title 2017 11,500 1,600 2016 3,700 2,300 Unearned revenue Prepaid rent During the year, $75,000 of unearned revenue was recognized as having been earned. Rent expense for 2017 was $18,000 Required Based on this information alone, prepare the operating activities section of the statement of cash flows for 2017 assuming the direct approach is used. Use the T-Accounts to help you calculate the cash receipts and cash payments for the year. (Amounts to be deducted should be indicated with a minus sign Prepaid Rent Unearmed Revenue Beginning Balance + Cash Payments- Rent Expense Ending Balance Beginning Balance - Recognition of +Cash Received in for Rent Unearned Revenue advance Ending Balance Cash flows from operating activities Net cash outflow from operating activities